GM - General Motors Buick's Big Shake-Up! 1000 Dealerships Reportedly Reduced As EV Era Approaches | Benzinga
General Motors Company (NYSE: GM) has reportedly reduced its Buick dealership network in the U.S. by about half, utilizing a voluntary buyout program.
The reduction of approximately 1,000 stores in General Motors' Buick dealership network is designed to boost sales and profits per location, according to a news report by CNBC, citing a statement from Duncan Aldred, the global head of GM's Buick and GMC brands.
This initiative also provides an exit opportunity for dealers hesitant to invest in electric vehicles, the report read.
"What this is enabling us to ...